On Oct. 19, Eli Lilly (NYSE:LLY) released Q3 earnings for the period ended Sept. 30.

  • Revenues missed analyst estimates by a hair, but EPS exceeded analyst estimates by a penny.
  • Cymbalta and Zyprexa were the main revenue drivers.
  • EPS growth was primarily driven by improved gross margins.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$3,882

$3,864

$3,601

7.3%

Net Profit

--

$874

$794

10%

EPS

$0.79

$0.80

$0.73

9.6%

Diluted Shares

--

1,086

1,091

(0.5%)

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

77.73%

76.52%

1.21

Operating Margin

27.17%

25.92%

1.25

Net Margin

22.61%

22.06%

0.55

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Lilly provided no balance sheet data this time around. (Boo!)

Learn the ways of the balance sheet.

Cash Flow Highlights

Lilly also left out any cash flow information. (Hiss!)

Find out why Fools always follow the money.

Related Companies:

  • Wyeth (NYSE:WYE)
  • Abbott Laboratories (NYSE:ABT)
  • Bristol-Myers Squibb (NYSE:BMY)

Related Foolishness:

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